Forex.com vs Binomo

Forex.com vs Binomo Comparison Table 2023
Forex.com Review 2023	Binomo Review 2023
Review 4.5 Forex.com is #1 in our broker rankings.	Review 3.4
Traders from US accepted	Traders from US not accepted See available binary options brokers
Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.	Binomo is a beginner-friendly binary options broker that offers trading on forex, stocks and indices via high/low binary options on a simple web-based platform with payouts up to 90% and reliable service. The firm was launched in 2012 and is based offshore.
Bonus Offer
Active Trader Program With A 15% Reduction In Costs
Comment by Reviewer
"Forex.com is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score."	"Traders who enjoy straightforward, fast-paced trading on forex and stocks should check out Binomo's short-term binary options. The intuitive platform and joining requirements make the brand particularly attractive for newer traders."
Pros
Respected and trusted broker overseen by tier-one regulators including the US SEC Excellent trading tools including Trading Central, SMART Signals and MetaTrader 4 Industry-leading pricing on popular forex assets starting from 0.0 pips Beginner-friendly web platform and mobile app Up to 15% cashback rebates for active traders Fast execution speed of less than 1 second Free demo account for prospective traders VPS hosting for automated strategies Top-rated forex and CFD broker Low minimum deposit of $100	Custom-designed platform that works quickly on mobile devices Demo account available to all with no restrictions Low minimum trade value from $1 Competitive payouts up to 90% Thousands of daily traders Low minimum deposit of $10 Clear tiered account system
Cons
Investment offering varies between countries $15 monthly inactivity fee No copy trading platform	Contract expiry times of 1 minute to 1 hour are very short term for many traders Limited extra features with no copy trading Small selection of tradeable instruments Weak regulatory oversight
Awards
Best CFD Broker 2022 - Rankia Best HNW Service 2022 - Dubai Forex Expo Best US Broker 2020 - DayTrading.com Best US Broker 2019 - DayTrading.com Runner-Up - Best Forex Broker 2019 - DayTrading.com
Instruments
Forex, Spot Metals	Fixed Time Trades
Demo Account
Yes	Yes
Minimum Deposit
$100	$10
Trading Platforms
MT4 MT5 TradingView eSignal AutoChartist TradingCentral	Own
Payment Methods
Debit Card, ACH Transfer, Wire Transfer	Cashu Credit Card Doku Wallet JCB Card Mastercard Perfect Money Skrill
Minimum Trade
0.01 Lots	$1
Regulator
NFA, CFTC
Margin Trading
Yes	No
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS and Android
Auto Trading
Expert Advisors (EAs) on MetaTrader	BinomoBot tracks 12 moving and 5 technical indicators and can be set up in than 3 minutes.
Copy Trading
No	No
Social Trading
No	No
Trade Signals
SMART Signals	Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$15	$30
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD JPY CHF	USD EUR
Stock Exchanges
Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange	Dow Jones Nasdaq New York Stock Exchange
Commodities
Cocoa Coffee Cotton Gold Livestock Natural Gas Oil Silver Soybeans Sugar Wheat	Gold Oil Silver
Forex Trading
Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k.	Binomo offers a competitive suit of currencies from majors like EUR/USD to exotics like EUR/MXN. But with contracts spanning 1 minute to 1 hour, the broker is best for short-term forex binary options traders.
Forex App
Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.
GBPUSD Spread
1.0	N/A
EURUSD Spread
1.0	N/A
EURGBP Spread
1.0	N/A
Assets
80+	19
Cryptocurrency
Crypto trading not offered	Binomo offers 24/7 fixed time trades on a few major cryptos, including Bitcoin. However this is significantly less than alternatives like Focus Option which offers more than 80 digital tokens.
Spread
BTC 1.4%, ETH 2%	N/A
Coins
BTC BCH ETH LTC XRP	BTC LTC BCH ADA
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Binary options trading not offered	Binomo offers binary options trading around the clock, including the weekends. You can speculate on the short-term price movements of popular markets, from stocks to currencies. Payouts are competitive climbing to 90% and contracts start from just 1 minute.
Payout
	90%
Expiry Times
	1 minute - 60 minutes
Ladder Options
No	No
Boundary Options
No	Yes

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